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Australian R&D Spend is Decreasing for the First Time in Decades
September 26th, 2017The Australian Bureau of Statistics has found that company expenditure on research and development has declined by 12 percent between 2013-14 and 2015-16. This is close to dipping below 1 percent of GDP, or $16.6 billion. Although manufacturing remained the largest spender of R&D, R&D spending in the mining and manufacturing industries was down. Mining decreased by 34 percent ($954 million) while manufacturing was down 19 percent ($936 million). The R&D tax incentive is expected to cost the government around $3.5 […]
R&D securing your company’s competitive position in the market
September 21st, 2017An exciting time lies ahead for the research and development (R&D) industry as Sydney will soon be home to BT’s new global cyber security R&D centre, facilitating 172 additional skilled jobs over the next five years. The R&D hub is an expansion to BT’s existing Security Operation Centre (SOC) in Berry Street and will be the company’s first cyber R&D facility outside of the United Kingdom. The NSW Government has provided a $1.67 million grant to BT in support of the […]
Pharma stocks to invest in based on R&D spending levels
August 28th, 2017Continued research and development (R&D) is a must in the pharmaceutical industry as even the biggest blockbuster drugs eventually lose patent exclusivity or face new and improved competition. However throwing money into R&D alone doesn’t guarantee success, it is vital to also make smart investments into companies which are successfully incorporating R&D into their business activities. The following five pharma stocks are recommended for investors to own based on R&D spending levels. Merck Merck invested $6.8 billion into R&D in […]
New Australian R&D defence centre showing success already
August 24th, 2017Lockheed Martin Australia is an industry leader in defence and technology, bringing leading edge concepts and technology to Australia in the fields of aeronautics, maritime, land, surveillance, cyber, space, C4ISR and civil domains. The company has opened their research and development facility ‘STELaRLAB’ in Melbourne and have partnered with Australia’s finest minds and academic institutions to solve some of the world’s enduring and emerging challenges. STELaRLab stands for Science, Technology, Engineering Leadership, Research Laboratory and works to achieve Final Operational Capability […]
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News & Research
News & Research
News & ResearchSenate Committee Calls for Quarterly RDTI Payments
InnovationAus has reported that a government-led Senate committee chaired by Liberal Senator Andrew Bragg has called for R&D Tax Offsets to be paid quarterly, and for a new standalone scheme for software-related claims to be considered. The report included notable […]
The black box flight recorder, Polymer bank notes, Wi-Fi technology and cochlear implants – they’re all Australian inventions. To keep these developments coming, and improve our research and innovation, we need direct investment through university innovation and small business incentives. […]
